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than $100 billion in required spending cuts would also kick in if there's no deal. at the white house, major garrett says the obama administration is getting ready for those across the board cuts. major, what exactly is the white house doing to prepare? >> reporter: good morning, norah and anthony. the obama administration is in the final stages of delivering layoff notices it will deliver to federal agencies across the government, this to comply with across the board spending cuts 6% to 7% that are required in the so-called fiscal cliff. agencies will decide which employees to lay off and when. as part of these preparations, the administration also has notices it will soon deliver to delay or cancel federal government contracts. as for negotiations themselves it is a bit of a team effort here at the white house. president obama is dealing directly and spoke frequently sunday with the senate majority leader harry reid while vice president joe biden spoke frequently sunday with republican leader in the senate mitch mcconnell. mcconnell and biden get along much
pictures from the white house as we wait for president obama to speak in about 15 minutes from now as lawmakers struggle to hammer out a deal on the fiscal cliff. peter barnes believes the president will announce a deal. we will bring you his comments live. it is an early close on the trading day. sandra smith is in the pits where traders are watching every development in washington. she joins us now with today's trade and how commodities are faring. sandra: we just had financial commodities close for the day. the treasury pits just closed minutes ago. it was an interesting close to watch. as you put up the board, treasuries saw their first loss in four trading days. another sign that these markets are predicting some sort of deal to get down by the end of the day. we are not seeing investors slinging. the yield on the ten year was the lowest close on record. certainly a big sign coming from those markets. they closed at the top of the hour. the dow, s&p and nasdaq futures closing here in chicago. just moments away from that. the electronic trading of all of these products will con
budget negotiations between president obama and house speaker john boehner also could mean the reduction of the popular deduction for charitable contributions. >>- q. i if it came to the poi -- >> if it came to the point where i wasn't receiving my credit for helping out a charity or even helping them out in their situation, then why would i even help them out? >> statements like that that has the chief executive officer of the united way of the bay area and other nonprofits fighting to obtain charitable deductions. >> it would be a mistake to think thereth was only a benefit for high income people. 24r* are many, many donors who itemize their taxes, and they take advantage of the charitable tax deduction and these include middle income people. >> also on the table is the possible elimination of the mortgage deduction. >> if that were to happen eventually, i think that is something that had to be phased out over a really long period of time. >> i think it encourages people to buy house versus rent it. if they willower the mortgage rate day -- deductions people will think twice. >> it is
-- we want to make note of that. the reestablishment of the white house initiative by president obama was another accomplishment. president obama's cabinets has dr. steven chu. the very first asian-american -- as ambassador to the republic of china. we have a lot of accomplishments. it was not that accident, my friends. everyone of you know that you work hard. all these things are done on purpose. i want to let you know that we also can boast twice as many asian-americans on federal benches. those of us to understand the impact of the supreme court and what it can do or on june, we know that having asian-americans on the federal bench is a line up for appointments to the supreme court. thank you very much for this opportunity. i want to say that silicon valley is the birthplace of high-tech. silicon valley is the birthplace of norm. five minutes? thank you very much. [applause] >> thank you, congressmen. we would have extended the five minutes if we got a karaoke's song. >> this event would have not been possible by the financial contributions of our sponsors. we want to thank chevron
obama went on "meet the press" to call out mcconnell and house speaker john boehner over tax hikes. >> i think it's been very hard for speaker boehner and republican leader mcconnell to know that taxes should go up as part of an overall deficit reduction. >> a health scare for hillary clinton. new details as the secretary of state undergoes treatment for a blood clot in a new york hospital. >>> ringing in the new year. from sydney to new york city. the world turns the page to 2013. good day. i'm chris live in washington in for andrea today. deal or no deal? as vice president joe biden and senate republican leader mitch mcconnell continue negotiations, we just have learned that president obama will speak about the fiscal cliff at 1:30 p.m. eastern time. with all that happening, let's get right to our daily fix. nbc's kelly o'donnell on capitol hill, nbc's kristen welker at the white house, and jonathan capehart, washington post editorial writer and my colleague and an msnbc contributor. okay, kelly. the action is on the hill where it's been for the last few days. let's start with you. thi
congress in history? >> the public is implicated in this. 2008 the public elected president obama, democratic house, democratic senate. 2010, a large number of people in the public changed their minds they got angry at us over health care, which was misunderstood, angry at us because we inherited a section that we weren't able to defeat because of their obstruction. in 010 -- in most democracies that would be it. we have a constitution under which it's called the staggered powers, checks and balances, the last three elections are there. the problem is in 2008 you had one group of people elected, in 2010, another. there wasn't simply the people in 2010 were conservative. very substantial number of the people elected as republicans in 2010 do not believe in governance. they do not understand there are things we need for the quality of life we have to come together. this isn't bob dole. this isn't howard baker. this isn't ronald reagan. these are people that are quite extreme. what's happened is that many republican whose believe in compromise and trying work things out some defeated
that again later. captioned by closed captioning services, inc. >>> breaking news is president obama just having spoken from the white house on the boss built of a fiscal cliff deal. one that could avoid -- raising taxes for everyone. good morning i'm kristen sze >>> and i'm cheryl jennings. katie is the news encouraging? >> reporter: more pressure than news about what the deal might be. this was not the big announcement about an agreement on the fiscal cliff. the president did acknowledge there's been progress and he spoke while surrounded by americans who he pointed out cannot afford a tax hike. a source close to the negotiations we know what might be on the table now this current tenty deal. one, as far as tax hikes are involved -- republican and democrats have agreed taxes would not go up for families that make less than $450,000 a year or individuals who make less than $400,000 a year. as far as unemployment benefits that's could be extended. the president mentioned tuition tax credit extended. where there's still a great divide is automatic spending cuts. the deal on table brokered
breaking news. the house will not vote today on the deal to avoid the fits cal cliff. president obama and top senate republicans say a deal is very close, but it's not done yesterday. it remained unclear whether the senate will vote today. congress could pass it red rho actively. >>> breaking news in prince william county. we have just learned a county police officer died following in fiery crash at the intersays of nobodiesville road and piper lane. officer chris young was riding on a motorcycle at the time. you can see the van was the other vehicle. we're still gathering information about this accident. we'll bring you more throughout the evening. >>> it's been a cold new year's eve so far today. doug kammerer has the forecast for us. >> things looking okay out there. look for a sprinkle, maybe a flurry, but don't expect it to impact your plans. take a look, and the cloud cover continues to make a way in. you can see a lot of what looks like rain and snow back toward the west, but most of this not reaching the ground. the atmosphere just a little too dry. as i mentioned, maybe a spr
and uncomfortable position of thinking that joe biden is the grownup in the white house. you got a sense from obama he is the sab tier in his own -- saboteur in his own white house. when he said how the republicans have agreed to raising taxes, that was in effect rhetorical poison pill to house republicans. the house republicans want to do is tomorrow when the taxes go all up, that the bush tax cut expire they say that they are voting to cut taxes. they are spinning this to raise taxes. i don't think the republicans should allow themselves to be baited by obama. >> bret: the or thing is talk about the sequester. you will remember of course in debate, in october. the president said this. about the sequester. >> first of all, is sequester is not something that i propose. something that congress is proposed. he will not happen. >> bret: part of the solution for the super committee. that was part of the deal. negotiating now is delay it by a couple of months. which potentially negotiate on fiscal cliff number two, the debt ceiling battle. and throw in dealing with the sequester as well. we're waiting t
and senate minority leader mitch mcconnell after negotiations between mr. obama and house speaker john boehner hit a wall. it the deal extend the bush tax cuts for families making less than $250,000 a year. there are no spending cuts in this deal. the democrats said they already agreed to cuts in last year's debt ceiling hike. but republicans will go ballistic over no spending cuts. there is one year of extended unemployment benefits in this deal. that was a red line for some democrats who say it's good for the country and fair for the many people who still can't find work. it doesn't raise enough revenue or cut spending enough to stop the sequestration. in the words of the critics they will have to kick the can down the road. this will be a hard sell for republicans who say the country has a spending problem, not a revenue problem. president obama is hoping the midnight deadline puts pressure on them. >> date appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we are hopeful that congress can get
, the president still has to sign it. president obama set his terms and challenged the house and senate to get it it done. brianna keilar joins me now. is the president just sitting in the oval office waiting for a bill to get delivered to him? where's he in all of this? >> reporter: vice president biden is very much the president's proxy in all of this. it's easy to understand why. both the president and vice president served in the senate, but biden served in the senate for decades with all of the players that he now has to engage with. he knows the personalities. he knows the rhythms of the senate and of congress better than president obama, you could argue. it makes sense that he's serving as the president's proxy. this is something the president is engaged with. this is something the white house is very engaged with. he said yesterday he's optimistic that a deal can be struck. i think that's not surprising. that's what you'd expect to come from president obama. but we're also -- we sort of said tonight is the deadline and that's true because a lot of the tax cuts expire at midnight. the s
. >> republican senator john mccain this afternoon accusing president obama of ridiculing house republicans. as the two sides duked it out over the fiscal deal. let me bring in steve israel of new york. congressman, always good to talk to you. >> how are you? happy new year. >> we have the outlines of a deal but we're hearing a lot of discontent and many of the complaints aimed at the president himself. is this going to get done? >> well, i'm hopeful that it will get done. it is really -- we're at the point of now or never. let's review. it will get done when republicans are wig lling to compromise. the president a year ago offered a plan that was big, bold, balanced, republicans said no. a week ago the republican speaker put a plan on the floor that said they would only raise taxes for people making over $1 million. his caucus said no to that. at a certain pointed it's hard to negotiate with a skid mark. up to now we have been negotiating with a bunch of skid marks. now it's time for republicans to learn how to take yes for an answer. we have a plan on the table, it's not perfect. we ought
and the house. >>> president obama says sandy hook school shooting was the worst day of his presidency. americans will have to explore their own feelings when his gun law reform proposals come out next year. >> the question then becomes, whether we are actually shook up enough by what happened here that it does not just become another one of these routine episodes where it gets a lot of attention for a couple of weeks and then it drifts away. it certainly won't feel like that to me. >> the president says the law he's pushing will address assault style rifles, high capacity magazines and background checks. >>> the fiscal cliff, it's not the only deadline pressing on congress. a five-year farm subsidies bill that expired in september was never renewed. house and senate members did come up with a short-term extension to prevent prices from going through the roof in january. >>> a charter bus crashed today on interstate 84 near pendleton, oregon, killing nine people. it happened on this icy stretch of interstate. the bus skidded on the ice, left the road and tumbled 100 feet down the emban
in springfield as soon as this week. a white house spokesman tells the chicago sun-times, president obama is urging lawmakers to approve the "religious freedom and marriage fairness act". the spokesman says if the president were still in the legislature, he would support a measure to treat all couples equally. illinois passed a law approving civil unions for same sex couples in june of last year. if you're going out to celebrate tonight. the c-t-a is offering you a safe ride home for a penny. this year, the c-t-a is partnering with "miller lite" to provide rides on buses and trains for just one cent. penny fares begin at 10 p-m tonight. continuing through four a-m on new year's day. >> they are erupting with tons of exploding fireworks as they welcomed in the new year. it was the world's first major celebration for 2013. 7 t of fireworks were set off from rooftops and barges. many of them cascading from the bridge. the pyrotechnic extravaganza was built by organize tiesorganizers. coming up next a one-hundred million dollar lawsuit is filed in connection with the newtown connecticut shoo
." nbc news white house correspondent has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up, and for the average family that could mean a loss of $2,000 in income and the who economy can slow down. >> reporter: he called an lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans a major sticking points for republicans. >> the way they are behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding unifying theme. >> reporter: after the interview republican leaders accused the president of assigning blame instead of leading. >> when they say leadership falls on you mr. president you don't have a role here in breaking this impasse. you've had a tough go with congress. >> if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entire burden of deficit reduction doesn't fall on
and faults the white house including president obama for his inconsistent statements about whether benghazi was a terrorist attack given the intelligence suggested within hours that an al-qaida affiliate was involved on september 11th. it sites mr. obama a's interview with 60 minutes on september 12th as evidence of inconsistent statements. he states it's too early to know exactly how this came about, what group was involved. obviously it was an attack on americans and we will be working with the libyan government to make sure we bring these folks to justice one way or the other. the president said in an interview over the weekend that there were quote, huge problems and sloppiness connected to benghazi and this his administration is accepting the 29 recommendations of the state department review, jon. jon: what are we learning about the warnings that were given here? >> reporter: this is probably the critical piece. the report found more than a dozen security-related incidents leading up to the attack with a senior state department official telling senate investigators that in the summer o
, there is hope for a soft landing. senate republican leader mitch mcconnell and president obama said today a deal was close. but late in the day house leaders announced they will not vote on a deal tonight. they're waiting for the senate. so what happens now? we have two reports beginning with nancy cordes on capitol hill. nancy, good evening. >> good evening to you, rebecca. it looks like the deadline pressure finally prompted a meeting of the minds today. negotiators agreed to a plan that extends the bush era tax cuts for 99% of americans. but they are hung up on one key spending issue, and so it looks like we will go over the fiscal cliff at least temporarily. >> we're very, very close to an agreement. >> reporter: senate republican leader mitch mcconnell said his round-the-clock negotiations with vice president biden had paid off. >> i can report that we've reached an agreement on all of the tax -- the tax -- issues. >> reporter: first and foremost, the bush era tax cuts. the two sides agreed to extend them permanently for all household income under $400,000 a year for individuals, $450,000 a
it. >>> for his part, president obama has been trying to turn up the heat on congress, applying new pressure sunday in an interview with david gregory on "meet the press." nbc news white house correspondent kristin welker has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income, and the whole economy could slow down at a time when the economy's actually starting to pick up. >> reporter: he again called on lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overliove overriding theme. >> reporter: after the interview, republicans accused the president of assigning blame instead of leading. >> when they say leadership falls on you, mr. president, you don'
there's a lot to be done to improve legislative affairs at the white house and would ultimately help president obama. >> and said about that, but mcconnell is still is late, he could have imposed himself, and not the way he does it. here is the fundamental problem. leaving aside the policy issue which i know is important to you all. if i get down to politics on bumper stickers, you're holding all of this up, including people's tax cuts it defend millionaires, that's all we have to say. >> and the democrats all agree that the bush tax cuts were the-- were good for the economy. that's had an amazing concussion that you're making-- >> and you're making -- let me finish here. the argument you sit here and the public ser receives you to be defending rich people against everybody else. >> you're making an argument w cliff, we're returning to clinton tax rates and basically what the democrats are saying, no, no, they weren't good enough we actually like the bush tax cuts and we want to keep some. >> what's going to happen wednesday. >> i want to get kimberly in here. the president i think
that president obama is having this statement from the white house stocks, went back up. they've since fallen a little bit more, but they're holding steady. the dow around 65 points. you see this market react to every headline out of washington, d.c. it begs the question, where do stocks go from here? if we do get a partial deal on the fiscal cliff, what analysts say would happen is we'd probably see a modest sell-off with the tone more negative as time goes on. with a partial deal, there's less certainty for the marketplace. without a deal at all, there could be a rude awakening for investors when everybody wakes up up and goes back to work on wednesday and when the market re-opens. it's not a given that congress will do something. some experts are actually hoping to see a big sell-off in the market and could inspire policy-making. one points out although the market is a disciplinarian, it's not a sure thing that we get a clean and lasting solution. something the market is looking for. suzanne. >> thank you. >>> president obama expected to speak at the white house. we're looking at about fiv
house republicans. 15 of them, 15 represent districts that president obama carried in 2012. given that, and we were talking with kelly about the fact that this has to come through the house at some point, that republicans still control. is there any reason for, politically speaking -- >> absolutely, right. >> -- not good of the country speaking, but politically speaking, is there any reason for these guys to make a deal given that for 215 of them, the constituency they represent are mitt romney's? >> i think this is the problem. where most people follow a presidential election and don't realize what happens in each of the districts. what republicans have done a very good job of in the past ten years or past two driklecycles governor's races, where they've won all the governor's races, redistricted by controlling legislatures and governorships, and they have the ability now to make very safe republican districts, where as opposed to having what we had was about 40 years of democratic control in the house, you could see a decade, at least, of republican control, perhaps, because of the f
.com, we asked you f the white house fiscal cliff meeting between obama and congressional leaders, if it was a political stunt or real negotiation. here is how you voted 96% said a political
that will get through the house . the house was elected to protect the united states of additional obama care spipe types of spending . from the perspective it is it a char aid. he wants to raise tax for people with over $200,000 . patti murray tipped the president's hand when she said it is okay to go off the fiscal cliff . we get credit when we cut taxing back to the level they were before the cliff . it is it a political issue for them to attain their goalings. >> dave: some suggest that the president will be okay to go off the fiscal cliff . the president doesn't want sequestitration to go in into affect. hope they work it out. thank you for joining us from dc. coming up. unbelievably video of a plane crashed on a busy highway . we now know what likely caused the deadly crash . go ahead and down that champagne in the new year's bash. but what you can do today to make sure you don't have a hang over tomorrow. may attention. there's the sign to the bullpen. here he comes. you wouldn't want your doctor doing your job, the pitch! whoa! so why are you doing his? only yr doctor can determine if
to the house. there is a new headline in "new york" magazine. it reads this. why is obama caving on taxes? the article reads in part, the erosion signals not only a major substantive problem in its own right but also raises disturbing questions about obama's ability to handle his entire second-term agenda. do republicans sense a little weakness here, an opportunity? could the president's concession hurt his ability later on to negotiate with the gop? >> no. i think he is doing what needs to be done. unfortunately, this president hasn't operated or led this country like keith's former boss, president clinton, who understood the art of negotiation and actually getting there and rolling up his sleeves and having discussions well before everyone's back is against the wall. i can't believe i'm saying it but i am encouraged to see joe bide nen there and talking with mitch mcconnell. it is good to have the negotiations. they need to in her reference it's better to have them as fred as tear and ginger rogers dancing and discussing issues back and forth as opposed to what we have with thelma and l
obama says an agreement is in sight and the senate leader mitch mcconnell says it's close as well. house republicans have decided they will not vote until after taxes have already gone up. they're supposed to go up after midnight. we have complete coverage of this breaking news story as well. let's begin this hour with our senior congressional correspondent dana bash. as we've been saying, we are going over the fiscal cliff. >> reporter: technically, that is true. house has decided that there's no point, from the perspective of republicans who run the house, to stay tonight, because the plan over the past two, three days, has been for the senate, which is down the hall behind me, tore vote on any kind of deal first, and then send it to the house. the senate isn't there yet. they're very close. but close doesn't give a bill to the people who need to write it and put it on the floor for votes. so that's the reason why house republicans decided they would just let their members know on new year's eve that it's okay to go home and that they hope, they say, that they will vote tomorrow. yes,
for failing to respond to community risks for the attack. they fault the pentagon and the white house. it criticizes the obama administration for being inconsistent on what led to the attack blaming the video not terrorists. joe lieberman the chairman of the committee says the facts so quote a shocking ir responsibility to protect american diplomatic personnel in benghazi. >>> an american family is pleading for help in finding their sick pregnant daughter and their husband missing in afghanistan. katelyn coleman is due in january. she has a liver condition that requires medical care. they last heard from the compup in october wefrom an internet ce in an unsafe area. it is not clear why they are in afghanistan. the family thinks they were trying to help people through an aid group. >> bad break mace be to blame for a deadly crash in moscow. >> looks like the pilot tried to use all of the brake systems on the plane but for some reason it didn't stop. it ended up crashing on the highway and bursting into flames. the death toll climbed to 5 after a crew member died from their injuries. 3
of the white house in the showdown is you can't compromise as it is currently constituted. obama made the point over and over again and basically laid it out there $250,000. i want the bush tax rates to disappear. i want to use it as a referendum on that, and quote, his words, break the fever and went in to the negotiations after winning by four points. 332 electoral votes. if he ever had a mandate, the bush tax cuts go away and a baseline and don't be afraid to go over the cliff if you believe in the 250. $250,000, face it, $800 billion in revenue over 2 years and now 450 and cutting it to 370 over 10 years and sending messages to republicans he doesn't fully appreciate still when he has a good hand. what he had coming in to this, the demands $$250,000. up to $400,000. take the debt ceiling out of the table. the republicans look at this, can look at this and say we kind of squeezed him down to the bare minimum, the bare minimum in terms of a debt ceiling. we have the debt ceiling expiring in a month and not going to negotiate over the debt ceiling. he just did. it's out of the deal and we can
everybody, we are waiting for president obama to speak at that podium at the white house in about 9 minutes time. our own john harwood adding to the optimism by suggesting they have agreed on levels of 39.6% tax would kick in at 400,000 for a single person, $450,000 for a family. we will wait and see what obama is able to tell us at that news conference in 8 minutes time. the u.s. is now on the edge of the fiscal cliff. hours to go until the deadline and as we get closer in theory, the pentagon is getting ready to layoff quite literally thousands of employees because of the automatic spending cuts that go into effect if no deal is reached in d.c. at midnight. we have more on that fall out, hunter? >> how you doing simon? ? yes, just to flush out a little bit of what ber that was talking about, is delaying the spending cuts, down to the wire of the fiscal cliff negotiations. it is an absolute must across the potomac river at the pentagon. there would be a $55 million in spending, about 10% cut in many programs while a lot could be delayed, the most immediate contingency is notifying an estim
assumption that they would control the white house, so who cared about everything stacked against them. the main problem was obama ran an absolutely brilliant campaign. republicans had a very weak field, and romney was the best of a very weak field. he himself was a very odd candidate. after the financial crisis, a man essentially of wall street, and a man whose essential issue of the 2010 campaign was obamacare, but he had passed something similar in massachusetts. he had two strikes against him, which made it very difficult begins the difficult rigid discipline obama to win. >> i think obama won because republicans underestimated him, and they did it through sell collision that goes back to 2010 when they considered this to be a referendum on barack obama. it was not a referendum on barack obama. it was a referendum on the economy and the incumbent, but not barack obama the person. republicans left the race feeling like this would be a slam-dunk in 2012. they missed the fact that the turnout in 2010 was so far what -- so far below what it was in 2008, and the people who did not turn
? >> probably go home on house arrest. that is the only thing i could expect. i do not think obama would do what bill clinton did. he is not going to give any clemencies until his last year. it is not going to happen. george bush signed the second chance act, which is house arrest, so we are pushing for that. if i do get house arrest, at least i can get some medical treatment. they are not giving us treatment here. >> the initial shock of the latest semi-automatic weapons to a massacre has passed the degree of gross. a funeral occurred with a daily drumbeat. it will take 28 funerals as the newtown, conn. shooter adam lanza took his own life after slaughter his mother at home, and and 20 children, and then six women at the sandy hook elementary school who tried to protect them. >> i am sure there will be a day for discussion of the usual washington policy debates, but i do not think today is that day. >> as soon as the press conference was over, i called the white house. listen, we have gone through too many of these shootings. everyone says you cannot say anything. well, we should have been talk
. president obama said a deal is in sight to stop america going over the so-called fiscal cliff. congress officials have said the house of representatives will not vote before midnight despite tense negotiations to get an agreement signed before midnight washington time. that will trigger a series of automatic spending cuts and tax hikes and could send the country back into recession. >> of america is staring into the economic unknown. there will be some real damage. there are some people deserving far better and we will be scrambling to find budget reductions in we can understand. >> we are upon the fiscal cliff. will we need to focus on is how we find that common ground. ira by -- i believe republicans and democrats alike want to put us on the course to fiscal discipline. >> we are running at a time. americans are threatened with a tax hike in just few hours. i hope we can keep in mind that our single most important goal is to protect middle-class families. >> democrats and republicans in congress have to get this done but they are not there yet. they are closed but not there yet. one t
, president obama sat down with me in the blue room of the white house to discuss the way forward and his priorities for a second term. mr. president, welcome back to "meet the press." >> it's great to be here. thank you. >> so the obvious question, are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended, and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire, and the whole economy could slow down at a time when the economy's starting to pick up and we're se
blame on the state department's security procedures. president obama acknowledged lapsed that the white house would take immediate steps to resolve. he rejected criticism that he would let his u.n. ambassador twisting in the wind, susan rice, instead of training fire on republicans. >> information a politically motivated attack on her. she probably had the least to do with the attack on benghazi. why she was targeted individually for the kind of attacks that she was subjected to is -- it was puzzling to me. >> the process also seems to be playing out with one of obama's top picks to lead the pentagon. the president was quick to praise republican former nebraska senator chuck hagel, but was just as quick to say he hadn't made up his mind. >> i haven't made a decision about who to nominate. >> anything disqualify him? >> not that i see. i have serbed with chuck hagel. he know him. is he somebody who served this country is w veil valor. >> he ran into stubborn resistance over the weekend from senate republicans like lynndie graham and tomko burn. >> there would be little republican support
, in an exclusive interview, president obama sat down with me in the blue room of the white house to discuss the way forward and his priorities for a second term. >> mr. president, welcome back to "meet the press." >> great to be here, thank you. >> the obvious question -- are we going over the fiscal cliff? >> well, i think we're going to find out in the next 48 hours what congress decides to do. but i think it's important for the american people to understand exactly what this fiscal cliff is. because it's actually not that complicated. the tax cuts that were introduced in 2001, 2003, 2010, those were extended and they're all about to expire at the end of the year. so on midnight, december 31st, if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income. for the entire economy, that means consumers have a lot less money to make purchases, which means businesses are going to have a lot less customers, which means that they're less likely to hire and the whole economy could slow down at a time when the economy is starting to pick up
. here with us now from washington, former white house press secretary and former senior adviser to the obama campaign, robert gibbs, who looks like he's on a ski vacation. >> very casual. is he in washington or colorado? >> i wish i was in colorado. >> nbc news chief white house correspondent political director and host of "the daily rundown," chuck todd is with us as well. >> don't you know the trick? above the waist is all you have to worry about. you could have faked it. i mean, mika's wearing shorts, right? >> he's got his jammies on. >> i think the seriousness of what's going on is matched by my outfit. >> so you're wearing pajama pants with bozos all over them, right? >> more or less. >> so let me just ask you a question. it's sort of big picture. this was set up over two years. everybody put this deadline in place to force washington to confront the nation's debt. this was a big deal, this deadline. and we're going to come out of it with either nothing and go over the fiscal cliff, or some small piddly kick the can down the road, i'm so tired of that statement, little min
to prove that his house is not sodom. [laughter] but obama of the jokes of his name it was a good name to rhyme but unfortunately i use them with osama bin london clap your mom up. so i get worried when they talk about presidential candidates i did a similar book in 2008 called deciding fennecs to decider was a long epic:interrupted by other poems. this is the same sort but it has a little bit of prose one was entitled gingrich aware that her husband has cheated on and left seriously ill wives desperately tries to make light of a bad cough. [laughter] newt gingrich thinks it sounds like a fever and was a little concerned. last time we had good candidates just in general with john edwards with it is called yes i know he is the millworkers son but there is hollywood and the hair. sarah palin. i wrote her version of the barbra streisand classic on the cleared day icy-- i can see russia. and talked-about candidates and seems impossible but the then governor of illinois was mentioned rob flood of which -- the ugly of block a and hit seem to to hem a powerful appointment to which the appoint
point, they were what the house couldn't get through before and obama and boehner couldn't agree on. if that's now decided and they're talking about all the other stuff, that's a really good sign and substantial progress is being made and could be the reason for the president's optimism. >> this clock is ticking on the cliff and ticking on us, too. david, i have to leave it right there. david goodfriend and molly ball, good to see you both. and happy new year to you. >> thanks. >>> next, the latest on secretary hillary clinton's condition after she's hospitalized for a blood clot weeks after suffering a concussion. >>> also, regardless of what happens today in the negotiations, there's one thing for sure. this congress is going to go down as the least productive in modern times. those details just ahead. >>> you can join our conversation on twitter. [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart
their majority in the house and there's a great deal of the country that does not support the way that obama would like to deal with this problem. stuart: look how it's been presented in the establishment media. president obama cutting short his holiday vacation, returning to washington trying to fix the fiscal mess. thank you very much, mr. president. mr. boehner, speaker boehner, oh, he finally gets the house back in session on sunday night. and then we have some democrats saying, why don't these republicans quit defending their millionaire pals. the way it's presented in the establishment media is highly pejorative against republicans and yet, republicans, as we heard from the rasmussen poll, they're not getting all of the blame. it's 44-36 that's where it is, again, that surprises me. >> those headlines are great. the next time i'm on deadline and i have a story to write. because i've left it to the last minute and i have to cancel a movie i think i'm going to, you know, complain about it and say, oh, finally, i'm getting back into the work session here. no, i mean, it's ridiculous. now,
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